This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-24621870
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| UK borrowing falls in September | UK borrowing falls in September |
| (35 minutes later) | |
| Government borrowing fell in September, official figures show, helped by higher tax revenues. | Government borrowing fell in September, official figures show, helped by higher tax revenues. |
| Public sector net borrowing, excluding the cost of interventions such as bank bailouts, was £11.1bn, the Office for National Statistics (ONS) said. | Public sector net borrowing, excluding the cost of interventions such as bank bailouts, was £11.1bn, the Office for National Statistics (ONS) said. |
| The figure is lower than the £12.1bn recorded in September 2012. | The figure is lower than the £12.1bn recorded in September 2012. |
| The UK's net public debt pile stands at £1.21 trillion, which is equivalent to 75.9% of GDP. | The UK's net public debt pile stands at £1.21 trillion, which is equivalent to 75.9% of GDP. |
| The government is aiming for a deficit of no more than £120bn this year, excluding the effect of cash transfers from Royal Mail and the Bank of England. | |
| For the first half of the current tax year, the deficit on this measure totalled £56.7bn, down more than 9% compared with the same period a year previously. | |
| Efforts to reduce UK borrowing and cut the country's debts are central to the government's economic policies. | Efforts to reduce UK borrowing and cut the country's debts are central to the government's economic policies. |
| Chancellor George Osborne said earlier this month that a re-elected Conservative government would aim to wipe out Britain's budget deficit altogether by 2020. | |
| Total cash receipts between April and September rose to £265.3bn, up from £237bn a year earlier. | |
| "Borrowing is down this month compared to last year and for the year-to-date. The economy is turning a corner, but there is a long way to go," said a Treasury spokesperson. |